Postal Realty posts $0.12 EPS, $1.07 AFFO for 2023; rental income up 20%

Postal Realty Trust, Inc.

2023-FY EPS reported $0.12 revenue$63,712,000

Net income $3.7M ($0.12/diluted share); AFFO $27.3M ($1.07/diluted share) for year ended 2023.
Rental income increased 20% YoY; acquired 223 properties for ~$78M in 2023.
Q4 acquired 75 USPS properties for $20.7M; portfolio 99.7% occupied as of Dec 31, 2023.
Quarterly dividend raised to $0.24/share (+1.1%), marking fifth consecutive annual increase.
Collected 100% of contractual rents; 96% of debt fixed rate; weighted avg interest rate 4.14%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Postal Realty Trust, Inc. reported quarter ended December 31, 2023 results: net income $1.2 million, or $0.04 per diluted share, EPS $0.04 per diluted share.

Period: quarter ended December 31, 2023
Net income: $1.2 million, or $0.04 per diluted share
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $1.2 million, or $0.04 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Postal Realty Trust, Inc. reported year ended December 31, 2023 results: net income $3.7 million, or $0.12 per diluted share, EPS $0.12 per diluted share.

Period: year ended December 31, 2023
Net income: $3.7 million, or $0.12 per diluted share
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

Postal Realty Trust, Inc. (the "Company") issued a press release on February 26, 2024 announcing its financial results for the year ended December 31, 2023.

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Postal Realty Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-006916

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